Energy Voice | BREAKING: BP to cut around 540 upstream jobs

BP has  confirmed it plans to cut around 540 jobs from its global upstream business.

It is not known how many North Sea jobs will be affected but BP said the 540 roles represent around 3% of its global upstream workforce of 18,000.

Staff were told of the plans earlier today.

The energy giant said it comes amid planned changes aimed at improving efficiency and competitiveness.

A spokeswoman said: “BP has today informed staff of planned organizational changes in its upstream business regions worldwide, aimed at further improving the efficiency and competitiveness of its organization.

“This is part of the ongoing process across BP to modernize its business to adopt more efficient ways of working and also to further simplify its organization and increase efficiency following $50 billion worth of divestments over recent years.

“BP continues to focus on the efficiency of its capital spend to maintain its competitiveness in a rapidly changing world, without compromising safety, which remains BP’s number one priority.

“BP remains committed to developing its upstream opportunities and delivering its five-year growth strategy.”

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